(MEGI) MainStay CBRE Global - Overview
Sector: Financial Services | Industry: Asset Management | Exchange: NYSE (USA) | Market Cap: 793m USD | Total Return: 23.9% in 12m
Avg Turnover: 2.32M
Warnings
Choppy
Tailwinds
No distinct edge detected
The MainStay CBRE Global Infrastructure Megatrends Fund (MEGI) is a New York-based closed-end fund categorized under the Asset Management & Custody Banks industry. The fund focuses on global infrastructure assets, targeting long-term secular shifts such as decarbonization, digitization, and modernization of aging utility networks.
The business model relies on investing in essential service providers that typically operate under long-term contracts or regulated frameworks, which often provides a degree of inflation protection. Infrastructure sectors, including midstream energy and telecommunications towers, generally exhibit lower correlation to traditional equity markets due to stable, fee-based cash flows.
You can examine the funds historical performance and dividend stability through the detailed analytics available on ValueRay.
- Global energy transition demand accelerates infrastructure asset capital appreciation
- Rising interest rates increase financing costs for leveraged utility holdings
- Decarbonization policy shifts drive investment in renewable energy generation
- Global infrastructure spending increases revenue for core transportation and logistics assets
- Inflationary pressures impact operating margins for long-term contracted infrastructure projects
| Net Income: 91.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.08 > 0.02 and ΔFCF/TA -2.79 > 1.0 |
| NWC/Revenue: -2.78% < 20% (prev 20.79%; Δ -23.57% < -1%) |
| CFO/TA 0.08 > 3% & CFO 86.4m > Net Income 91.3m |
| Net Debt (252.3m) to EBITDA (91.3m): 2.76 < 3 |
| Current Ratio: 0.00 > 1.5 & < 3 |
| Outstanding Shares: last quarter (52.0m) vs 12m ago 0.0% < -2% |
| Gross Margin: 86.59% > 18% (prev 1.0%; Δ 8.56k% > 0.5%) |
| Asset Turnover: 10.11% > 50% (prev 1.77%; Δ 8.34% > 0%) |
| Interest Coverage Ratio: 6.34 > 6 (EBITDA TTM 91.3m / Interest Expense TTM 14.4m) |
| A: -0.00 (Total Current Assets 88.0 - Total Current Liabilities 2.99m) / Total Assets 1.07b |
| B: -0.16 (Retained Earnings -175.0m / Total Assets 1.07b) |
| C: 0.09 (EBIT TTM 91.3m / Avg Total Assets 1.06b) |
| D: -0.69 (Book Value of Equity -175.0m / Total Liabilities 255.3m) |
| Altman-Z'' = -0.69 = B |
As of May 24, 2026, the stock is trading at USD 15.32 with a total of 103,670 shares traded.
Over the past week, the price has changed by +3.94%,
over one month by +3.00%,
over three months by +2.28% and
over the past year by +23.86%.
MainStay CBRE Global has no consensus analysts rating.
P/S = 7.2026
P/B = 0.959
Revenue TTM = 107.4m USD
EBIT TTM = 91.3m USD
EBITDA TTM = 91.3m USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = 252.3m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 252.3m USD (calculated: Debt 252.3m - CCE 88.0)
Enterprise Value = 1.05b USD (793.2m + Debt 252.3m - CCE 88.0)
Interest Coverage Ratio = 6.34 (Ebit TTM 91.3m / Interest Expense TTM 14.4m)
EV/FCF = 12.10x (Enterprise Value 1.05b / FCF TTM 86.4m)
FCF Yield = 8.27% (FCF TTM 86.4m / Enterprise Value 1.05b)
FCF Margin = 80.43% (FCF TTM 86.4m / Revenue TTM 107.4m)
Net Margin = 85.00% (Net Income TTM 91.3m / Revenue TTM 107.4m)
Gross Margin = 86.59% ((Revenue TTM 107.4m - Cost of Revenue TTM 14.4m) / Revenue TTM)
Gross Margin QoQ = none% (prev none%)
Tobins Q-Ratio = 0.97 (Enterprise Value 1.05b / Total Assets 1.07b)
Interest Expense / Debt = 5.71% (Interest Expense 14.4m / Debt 252.3m)
Taxrate = 21.0% (US default 21%)
NOPAT = 72.1m (EBIT 91.3m * (1 - 21.00%))
Current Ratio = 0.00 (Total Current Assets 88.0 / Total Current Liabilities 2.99m)
Debt / Equity = 0.31 (Debt 252.3m / totalStockholderEquity, last quarter 819.5m)
Debt / EBITDA = 2.76 (Net Debt 252.3m / EBITDA 91.3m)
Debt / FCF = 2.92 (Net Debt 252.3m / FCF TTM 86.4m)
Total Stockholder Equity = 795.3m (last 4 quarters mean from totalStockholderEquity)
RoA = 8.60% (Net Income 91.3m / Total Assets 1.07b)
RoE = 9.41% (Net Income TTM 91.3m / Total Stockholder Equity 970.3m)
RoCE = 8.52% (EBIT 91.3m / Capital Employed (Total Assets 1.07b - Current Liab 2.99m))
RoIC = 6.73% (NOPAT 72.1m / Invested Capital 1.07b)
WACC = 6.57% (E(793.2m)/V(1.05b) * Re(7.23%) + D(252.3m)/V(1.05b) * Rd(5.71%) * (1-Tc(0.21)))
Discount Rate = 7.23% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 0.0 | Cagr: 0.0%
[DCF] Terminal Value 73.10% ; FCFF base≈97.3m ; Y1≈85.4m ; Y5≈69.0m
[DCF] Fair Price = 16.42 (EV 1.11b - Net Debt 252.3m = Equity 854.8m / Shares 52.0m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: N/A | # QB: 0
Revenue Correlation: N/A | Revenue CAGR: N/A | SUE: N/A | # QB: 0